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Article: Urstadt Biddle Properties: Record Date for Dividend of Class A Common Stock
- Article from:
- PR Newswire
- Article date:
- July 31, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENWICH, Conn., July 31 /PRNewswire/ -- As previously announced, Urstadt Biddle Properties Inc. (NYSE: UBP) had declared a stock dividend on its existing Common Shares consisting of one share of a newly created Class A Common Stock for each outstanding Common Share. The stock dividend is payable August 14, 1998 to stockholders of record at the close of business today.
Separate regular trading on the NYSE of the Common Shares and the Class A Common Shares will commence on August 17, 1998. In accordance with NYSE policy, commencing on August 3, 1998, any purchase or sale of the Company's existing Common Shares will also include a purchase or sale of the associated ...